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Daisy Data Centre Solutions Limited (‘Daisy’) is pleased to announce it has acquired the Intellectual Property Rights in and to the Wisdom Software, the Wisdom Materials, the Registered Trademarks and the Domain Names that were previously owned by 2e2 on 14 February 2013.

Daisy Group plc Contracted to manage 2e2 Data Centre business

•Stability for 2e2 data centre business
•Doubles the amount of data centre power resource across the Group
•Significant expansion of Daisy's data centre and hosting business

Daisy Group plc (AIM: DAY), a leading provider of business communications, is pleased to announce that it has been appointed by Oakley Capital Private Equity LP, ("Oakley") to manage the 2e2 Data Centre business.

Oakley has acquired, through a special purpose vehicle, Daisy Data Centre Solutions Limited, the business and assets of the 2e2 Data Centre business owned by the 2e2 Group that is in administration.
This contract, alongside other investments the Group is making into its data centre offering, enhances Daisy Group's portfolio and will significantly increase exposure to this fast growing market.

Daisy Group will work with existing data centre employees of the business to provide data and hosting services from its data centres in Gateshead and Reading. Combined together, these data centres will double the amount of data centre power available to the Group's customers, increasing from 2Mw to 4Mw.

Matthew Riley, Chief Executive Officer of Daisy, said:
"This appointment provides 2e2 customers with the opportunity to work with a long-term partner with proven expertise in the growing data and hosting market.

"Through the additional data centre facilities the Group is in a position to significantly expand its data and hosting footprint, providing stability to existing 2e2 customers and offering further expertise and resource to Daisy customers."

The affairs, business and property of 2e2 UK Limited and certain other UK entities (“the Companies”) are being managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and without personal liability. Simon Granger is licensed in the United Kingdom to act as an insolvency practitioner by the Association of Chartered Certified Accountants and Chad Griffin and Simon Kirkhope are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales, under section 390(2)(a) of the Insolvency Act 1986.